The U.S. Treasuries traded modestly firmer Wednesday as markets now await existing home sales data, durable goods orders and final third-quarter GDP releases on Thursday in advance of the long Christmas holiday weekend.
The yield on the benchmark 10-year Treasury note fell 1-1/2 basis points to 2.55 percent, the yield on long-term 30-year Treasury dipped 2 basis points to 3.13 percent and the yield on short-term 2-year note slid 1/2 basis point to 1.22 percent 12:00 GMT.
On Monday, the Federal Reserve Chair Janet Yellen commented that the United States is now seeing its strongest labour market in nearly a decade as job creation has continued at a relatively steady pace. Also added that she has seen signs of wage growth improving and that weekly earnings for younger workers are making strong gains.
The Federal Open Market Committee increased the fed funds rate to a 0.50-0.75 percent range last Wednesday, as widely expected. The statement noted that information received since the November meeting indicates that the labour market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year.
Also, the new projections showed that the central bankers expect three quarter-point rate increases in 2017, up from the two seen in the previous forecasts in September, based on median estimates.
Meanwhile, the S&P 500 Futures traded 2.25 points lower at 2,264.25 by 12:00 GMT. While at 12:00 GMT, the FxWirePro's Hourly Dollar Strength Index stood neutral at +22.94 (higher than +75 represents a bullish trend).


Best Gold Stocks to Buy Now: AABB, GOLD, GDX 



